By Erika Morphy TechNewsWorld Part of the ECT News Network
01/18/08 3:30 PM PT
"There are no competing destinations to YouTube if you are measuring by volume," said Mike Goodman, a Yankee Group analyst. All together, Americans viewed nearly 9.5 billion online videos in November, with 2.9 billion viewed at YouTube. Fox Interactive Media ranked second with 419 million videos viewed, followed by Yahoo with 328 million, and Viacom Digital with 304 million.
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Step aside, boob tube. Online videos are becoming the primary form of media entertainment for many people. Web surfers spent about an hour more per month watching videos in November compared with January, according to the latest comScore Video Metrix.
Specifically, they watched an average of 3.25 hours, or 195 minutes, of online video during the month, representing a 29 percent gain from 2.52 hours, or 151 minutes, watched in January 2007.
The average online video runs about 2.8 minutes, giving the average viewer time to consume 69 of these productions.
Google (Nasdaq: GOOG) sites captured the largest online video audience with 76.2 million unique viewers, followed by
Fox Interactive Media with 46.3 million and Yahoo (Nasdaq: YHOO) sites with 37.3 million.
YouTube Rules
Most of the viewers trekking to Google sites, of course, actually went straight to YouTube, a big tent destination that is home to everything from purloined TV shows to battle scenes shot in Iraq to customer service protests to political messages from candidates.
Thanks to its billion-dollar investment in YouTube, Google's share of the online video market is edging past 30 percent and still climbing. In November, its share had increased by 2 percentage points from October, according to the comScore statistics.
The YouTube fan base also appears to be more devoted to the Web site: comScore found that 74.5 million people viewed 2.9 billion videos on YouTube.com -- averaging 39 videos per viewer. This compares with 43.2 million people who viewed 389 million videos on MySpace -- an average of nine videos per viewer.
Rising Tide
"A rising tide lifts all boats," said Mike Goodman, an analyst with the Yankee Group, referring to Google's effect on the online video environment. Unlike search and many of the applications it has developed in house, Google bought its way into this particular industry niche, but has since managed to leverage its investment well.
"There are no competing destinations to YouTube if you are measuring by volume," Goodman told TechNewsWorld. He doesn't anticipate the site losing its appeal even as Google incorporates it into its various advertising initiatives.
All together, Americans viewed nearly 9.5 billion online videos in November, with 2.9 billion viewed at YouTube. Fox Interactive Media ranked second with 419 million videos viewed (4.4 percent), followed by Yahoo with 328 million (3.5 percent), and Viacom Digital (NYSE: VIAb) with 304 million (2.6 percent).
Oprah Expands Media Empire With TV Network Deal January 15, 2008
OWN joins Winfrey's other media ventures, including O, The Oprah Magazine, the "Oprah & Friends" XM Satellite radio channel and her Harpo production company. The channel will debut in 2009 in more than 70 million homes and be simulcast in high definition, the company said. Oprah.com, the talk show host's award-winning site, is also included in the deal.
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